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TFP Growth in Old and New Europe

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  • Michael C Burda

    ()
    ([1] Institut f�r Wirtschaftstheorie II, Universit&aauml;t zu Berlin, Spandauer Stra�e 1, 10178 Berlin, Germany.[2] Centre for Economic Policy Research (CEPR), London, UK.[3] Institute for the Study of Labor (IZA), Bonn, Germany.)

  • Battista Severgnini

    ()
    ([1] Institut f�r Wirtschaftstheorie II, Universit&aauml;t zu Berlin, Spandauer Stra�e 1, 10178 Berlin, Germany.[2] Centre for Economic and Business Research (CEBR), Copenhagen, Denmark.)

Abstract

Using Solow-Törnqvist residuals as well as two alternative measurements, we present the estimates of total factor productivity (TFP) growth in a sample of 30 European economies for the period 1994–2004. In most of Western Europe, we find a deceleration of TFP growth since 2000. However, the economies of ‘New Europe’ exhibit a higher level of TFP growth overall and have slowed less than those of ‘Old Europe’. In the new market economies of Central and Eastern Europe, we find both high TFP growth as well as acceleration in the second half of the sample. Regression evidence from Western Europe suggests that product market regulation may adversely affect TFP growth and may thus impair convergence.

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 51 (2009)
Issue (Month): 4 (December)
Pages: 447-466

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Handle: RePEc:pal:compes:v:51:y:2009:i:4:p:447-466

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  1. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Working Papers 6564, National Bureau of Economic Research, Inc.
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  6. Raa, T. ten & Mohnen, P., 2002. "Neoclassical growth accounting and frontier analysis: A synthesis," Open Access publications from Tilburg University urn:nbn:nl:ui:12-90106, Tilburg University.
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  11. Burda, Michael C & Severgnini, Battista, 2010. "Solow Residuals without Capital Stocks," CEPR Discussion Papers 7990, C.E.P.R. Discussion Papers.
  12. Giuseppe Nicoletti & Stefano Scarpetta, 2005. "Product Market Reforms and Employment in OECD Countries," OECD Economics Department Working Papers 472, OECD Publishing.
  13. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-51, April.
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Cited by:
  1. Guido Cazzavillan & Krzysztof Olszewski, 2009. "Skill-biased technological change and endogenous labor supply in EU Transition Economies and the US," Working Papers 2009_12, Department of Economics, University of Venice "Ca' Foscari".
  2. Vöpel, Henning & Uehlecke, Jens, 2009. "Wissen schafft Wachstum: Wirtschaftspolitische Handlungsoptionen für Innovation und Fortschritt," HWWI Policy Papers 1-13, Hamburg Institute of International Economics (HWWI).
  3. Maria Grith & Wolfgang Härdle & Juhyun Park, 2009. "Shape invariant modelling pricing kernels and risk aversion," SFB 649 Discussion Papers SFB649DP2009-041, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  4. Barbara Choroś & Wolfgang Härdle & Ostap Okhrin, 2009. "CDO and HAC," SFB 649 Discussion Papers SFB649DP2009-038, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  5. Roland Strausz, 2009. "The Political Economy of Regulatory Risk," SFB 649 Discussion Papers SFB649DP2009-040, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.

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